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Actually the hook can be traded in any timeframe.
In a message dated 12/29/00 9:41:08 AM Pacific Standard Time,
jberentson@xxxxxxxxxx writes:
> The Ross Hook should be traded intraday on the breakout of the daily chart.
> The market should be trending. The difference between the Ross Hook and the
> 1-2-3 formation (essentially a swing-low/swing-high) is that a Ross Hook
> does not have to have a definitive high or low and only requires one
> correction bar. The Ross major entries from the daily chart include:
>
> 1. The breakout of a trading range.
> 2. The breakout of a 1-2-3 high or low.
> 3. The breakout of a ledge.
> 4. The breakout of a Ross Hook.
>
> In most cases, Ross recommends against trading a gap breakout.
>
> While it doesn't fit my current trading strategy, I have traded the ledge
> breakout successfully in all time frames.
>
> JFB
> Shaven Heads Trading
> NYC
>
> -----Original Message-----
> From: Jim Johnson [mailto:jejohn@xxxxxxxxx]
> Sent: Friday, December 29, 2000 11:38 AM
> To: Piranhas R Us; omega-list@xxxxxxxxxx
> Subject: Re: Ross Hook
>
>
> Hello Piranhas,
>
> attached--I got it from John Berentson and have never used it.
>
> Best regards,
> Jim
>
> Friday, December 29, 2000, 10:46:15 AM, you wrote:
>
>
> PRU> Has anyone coded Ross Hook?
>
> PRU> =====
> PRU> Julian
>
>
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